Frank W Preston Memorial Scholarship Tr
- Assets
- $88.7k
- Revenue
- $8.8k
- Investments
- $87.3k
- Employees
- 0
- Location
- Butler, PA
- Founding
- 04/1992
- Data as of
- 12/2023
- EIN
- 25-1679290
Organization Overview
Frank W Preston Memorial Scholarship Tr is located in Butler, PA. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank W Preston Memorial Scholarship Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Frank W Preston Memorial Scholarship Tr generated $8.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $21.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR TUITION ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Robert Shott ESQ President | 0 | $0 | |
Susan K Maleckar PHD Sec-Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,487 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,692 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,579 |
| Total Revenue | $8,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $53 |
| Other expenses | $315 |
| Total operating and administrative expenses | $368 |
| Contributions, gifts, grants paid | $21,000 |
| Total expenses and disbursements | $21,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,327 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $88,667 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Frank W Preston Memorial Scholarship Tr has awarded $21,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GROVE CIY COLL FBO MAREN G MCINTIRE PURPOSE: TUITION ASSISTANCE | $3,000 |
UNIV PITTS FBO RYAN T MCLISTER PURPOSE: TUITION ASSISTANCE | $3,000 |
TOCCOA COLL FBO TYLER J PRENTICE PURPOSE: TUITION ASSISTANCE | $3,000 |
OHIO UNIV FBO CAMERON A HANRATTY PURPOSE: TUITION ASSISTANCE | $3,000 |
PENN STATE FBO TOBIAS D REYNOLDS PURPOSE: TUITION ASSISTANCE | $3,000 |
UNIV PITTS FBO EVAN D CHESS PURPOSE: TUITION ASSISTANCE | $3,000 |